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Posted on Jul 23, 2024

A $ 1 , 0 0 0 par - value bond with a coupon rate of 8 % convertible semiannually and a 1 6 -

A $

1, 000

par

-

value bond with a coupon rate of

8 %

convertible semiannually and a

16 -

year

term is priced to yield

9 %

convertible semiannually. Calculate the bond price of this bond

22

months after issue.

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